St. Paul daily globe., 1887-04-17
RUN OF REAL ESTATE.
Dealers Speak of the Solid Tone Of Busi-
ness and Are Confident and
Happy.
Some of the Principal Sales of the
Week, With the Gossip
Thrown In.
Building Not Yet Begun and Archi-
tects AnXiously Awaiting
Springs Opening.
A Neck -and-Neck Race On Between
Fridley and junction
City.

The real estate men seem to have
adopted philosophic maxim: Every
thing comes to him who waits, and so they
reply to the reportorial ''anvthing new?"
with negative shake of the head and a
bland smile. The shake means that the
heavy deals the past week have
been few; the smile is i'll
dicative of confidence in the excellent
tone which all agree is the peculiar char
acterlstic OF the Minneapolis market. The
real estate man is bound to be happy. If
he does not find present JOY in heavy sales
he has an abundance OF prospective bliss.
%*#
The architects. however, are not so con-
tident. Early in the year, when there
seemed unusual promise OF great building
operations this season, the arch
itect dreamt dreams all rosy-hued
along with the real estate man.
But the number of his clients have not in
creased as rapidly as the activity in real
estate would seem to warrant. and a tour
among the house designers revealed rather
neutral tint in their line-they were as blue
as the real estate dealers were gay. But
there is physiological reason for this.
The festive agent is out in the air, he
walks great deal and sees numberless
things to divert and amuse him; hence
his appetite is good. The architect remains
-eloseted during the long daylight hours.
and the confinement makes him bilious; a
bilious party always takes a gloomy view
OF things, and that is the only possible rea-
son why the architects do not join in the
sanguine expectations of the real estate
men.
4, Il -
Orff Brothers are engaged on plans for a
$40, 900 residence for A. r. Miller, corner
First avenue south and Eighteenth street.
They report that Beery'S building, on the
corner OF Third street and Second avenue
south, will be five stories high. instead of
three as at first planned. Jepson Brothers
are making plans for a row of
three-story brick tenements, nine
houses, which will be built by
j. W. ShackelfOrd, OH the corner of Mary
Place and Thirteenth street, at cost of
$40 900; a forty-four- foot front tiye-story
building to be built on Washington avenue
south adjoining the st. James hotel, by
James Mckinney. Jr., and a three story
brick 5ox160 for Flanders & Trpp, corner
of Nicollet avenue and Twenty sixth street.
w. V. Bayless is having plans made for
a S15,0 900 frame residence, which he will
build on Ridgeway avenue. Col. E. C.
Convict will build two-story brick
veneered house on Hawthorne avenue:
Janney Bros. will put in three.stOry brick
on Fourth street. near First avenue south.
22X157 feet.
E. j. Swan bought forty lots in Belm ont
Park. near the Catholic orphanage, and
sold it Yesterday for $50, ,OOO He sold ten
lots in Swans Second addition, NicolIet
avenue and Forty-siXth street, for $1,000.
James T. Elwell sold King and Brown six
blocks in Waveland Park. west OF Lake
Harriet. the past week for $50 75O. Cen
tenary church purchased site Oh the cor
ner of First avenue south and Grant street
for S32, 900, on which they propose to build
a Sl25, 900 church. Col. McCrory paid
$50. 900 for forty-tve lots in Calhoun Park.
j. c. Higgins paid $1,000 a front foot for
sixty-six feet on the corner Of Washington
and Second avenues south.
EFyFE @.*
A sale of Crystal lake property that was
talked Of some time ago was not consum-
mated until yesterday, when j. A. Sanborn
sold forty eight acres lying north of Crystal
lake and about half mile south OIL the
Minneapolis q Pacific track. for which he
ItCelStu 0oUU du dcIO. IL Is UNDERSTOOD
that a good many deals that were pending
in Crystal Lake town land have fallen
through, though no Cause is assigned
Shingle creek continues active. ten-acre
piece east of the Pray farm having brought
$14, 900 the past week.
-
1t appears TO be neck-and- neck race be-
tween Fridley and junction City. 1t is
true the city can show up more tangible
improvements. but nothing can equal the
colossal expectations which the Fridley
men so confidently express. and which, in
truth, they are justified in holding. Why,
if man wants to buy Fridley acres now he
has to go away off. so that from his
domain he cali scarcely view the
promised land. In both cases the
booms seem to have substantial
basis, and everybody in the city rejoices in
their prosperity. The fact that the shrewd-
est business men in the city are among the
largest buyers of these suburban properties
will certainly give confidence to the more
timid, though equally willing investors